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C1 : SET 1 - INTRODUCTION TO MACROECONOMICS

Total questions: 10

Worksheet time: 3mins

Name
Class
Date
1.

These are all macroeconomics objectives except ____________________.

a)

Income equitability distribution.

b)

Full employment.

c)

Technology improvement.

d)

Economic growth.

2.

Which of the following is a macroeconomics statement?

a)

The gross profit of all Malaysian businesses were RM10 billion last year

b)

The price of beef declined by 1% last year.

c)

Perodua company profits increased in the year 2003.

d)

High levels of environmental quality.

3.

Aggregate Demand curve shows ______________________.

a)

the total goods where the individual is willing and able to buy at a certain price, ceteris paribus

b)

the real output where an individual is willing and able to buy, ceteris paribus

c)

the total goods, where the individual are able for sale, ceteris paribus

d)

the real output of where the individual is willing and able to buy at different price level, ceteris paribus

4.

Macroeconomics distinguishes the real economy and the ____________________.

a)

monetary economy.

b)

virtual economy.

c)

normative economy.

d)

underground economy.

5.

Which of the following is a macroeconomics study?

a)

Price of luxury car

b)

Unemployment rate in the country.

c)

Production methods and cost

d)

Demand for smartphone

6.

Which of the following statements is FALSE about economic growth?

a)

Economic growth solves the economic problem.

b)

Economic growth can help in having new technology.

c)

Economic growth can help in expansion of education.

d)

Economic growth can help in using tidal power.

7.

Macroeconomics study the ___________________.

a)

Demand and supply of the individual economic.

b)

Aggregate demand of the entire economic.

c)

Aggregate demand and aggregate supply of the entire economic.

d)

Aggregate supply of the entire economic.

8.

______________ is the study of economics from the viewpoint of the entire economy.

a)

Microeconomics

b)

Macroeconomics

c)

Normative economics

d)

Descriptive economics

9.

The following are the goal of macroeconomics EXCEPT

a)

Equitable distribution of income.

b)

High unemployment.

c)

Economic growth.

d)

Price stability.

10.

Among the problems studied in macroeconomics are _____________________.

a)

inflation rate in Malaysia.

b)

price of inferior good.

c)

supply for smartphone.

d)

market for Perodua car.